Indonesia's Energy Subsidies Exceed Rp100 Trillion/Year Since 2018

Economics & Macro

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Viva Budy Kusnandar 29/03/2022 11:40 WIB

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Since 2018, Indonesia's energy subsidy spending has consistently exceeded Rp100 trillion per year. This year, energy subsidies have reached Rp21.7 trillion as of February 2022.

Realization of Indonesian Subsidy Spending (2017-2022*)

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Indonesia's Energy Subsidies Exceed Rp100 Trillion/Year Since 2018

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Realization of Indonesian Subsidy Spending (2017-2022*)

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According to the Ministry of Finance's report, Indonesia's energy subsidy spending reached Rp21.7 trillion during the January-February 2022 period.

This amount is equivalent to 16.97% of the energy subsidy budget, or approximately 10.48% of the total subsidy budget in the 2022 State Budget (APBN).

The government allocated a total subsidy budget of Rp206.96 trillion in the 2022 APBN. This budget is divided into Rp134.03 trillion for energy subsidies and Rp72.93 trillion for non-energy subsidies.

Further details show that the energy subsidy budget in the 2022 APBN is allocated as follows: Rp11.3 trillion for specific fuel oil (BBM) subsidies, Rp66.3 trillion for 3 kg LPG cylinder subsidies, and Rp56.5 trillion for electricity subsidies.

In 2021, non-energy subsidies were generally provided to the public through various social assistance programs (bansos), such as the Family Hope Program (PKH), Direct Cash Assistance (BLT), and food staple cards.

However, for 2022, some of these bansos subsidies will be diverted to fuel, LPG gas, and electricity subsidies.

This year's subsidy spending is also expected to be significantly impacted by the increase in global oil prices and other energy commodities.

Historically, Indonesia's energy subsidy spending has consistently exceeded Rp100 trillion per year in recent years.

In 2017, energy subsidies amounted to Rp97.6 trillion.

However, in subsequent years, energy subsidy realization consistently exceeded Rp100 trillion, with details as follows: Rp153.5 trillion in 2018, Rp136.9 trillion in 2019, Rp108.8 trillion in 2020, and Rp140.4 trillion in 2021.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."